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Prospect News home > News index > List of issuers C > Headlines for Country Garden Holdings Co. Ltd. > News item
Published on 8/11/2023 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch cuts Risland debentures

Fitch Ratings said it downgraded the national long-term rating on Risland (Thailand) Co. Ltd.’s (RLT) guaranteed debentures to CC(tha) from B-(tha).

Risland’s 100% parent, Country Garden Holdings Co. Ltd. (CGH) guarantees the debentures.

“The downgrade reflects Fitch's view of a further deterioration in CGH's credit profile, which raises the risk of an event of default being triggered on RLT's guaranteed debentures,” the agency said in a press release.


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